Uploaded on Mar 15, 2021
Are you an international trader who is worried about the associated overseas risks including risks of non-payment and non-fulfillment etc? Then, a letter of credit service can do the tasks easily and conveniently for you. It is a legal document or promise made by a bank or financial institution to the importer in the favor of the exporter where the issuing bank guarantees an on-time payment to the exporter in the event if the importer defaults in paying or performing the terms & conditions of the agreement. In short words, it acts as a security for exporters in the international trade where they are assured of getting paid on-time due to the involvement of a legal entity. Read more:- https://www.axioscreditbank.com/letter-of-credit
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